National Republican., 1887-09-23
Relieve the People Now.

p tsident Cleveland has announced the
programme for his trip to the west and
south. According to the published state
ment The President will leave Washington
on the Both instant, visiting many OF the
princip.l cities OF the country in and near
the great valley of the Mississippi.
There is no doubt Of the fact that Presi-
dent Cleveland will receive hearty well
come, for the section which he visits is
noted for It's hospitality, and the high Office
which Mr.. Cleveland holds will insure re-
spect joined to cordiality.
On this tour the President will pass
through most Of the states which contribute
go largely to the wealth of the country by
their immense productions of the great
agricultural staples Of the country-wheat,
corn, cotton and tobacco. Everywhere the
President will find that while these states
are rich in the immensity Of their resources
they are poor in the medium of exchange
money-by which their riches are available.
President Cleveland can easily remove this
poverty and he is the only man who can.
Nearly s400,000,000 In currency Is locked
up in the vaults Of the treasury, and 1t Is
this gorge Of money which now threatens
the prosperity of the country-threlten to
place the producers OF the couniry--the
men whose toll wins from the eorth tue
riches n~-a~i~,.' III us oosom-into the
hands Of merclless spectators.
President Cleveland holds the highest and
proudest position attainable by any MN.
He is President Of a nation OF 60,000OO)
free people, and as President ia invested by
law with great power to be exercised for
the benefit OF the people.
Before starting upon this trip Presiden.
Cleveland should exercise some OF those
powers, both ordinary and extraordinary.
For instance, the law authorizes the invest
ment Of not more than s. 900, 900 nor less
than $1,000 900 every month In the purchase
of silver bullion, and directs Its coinage
into currency. For the thirty months that
President Cleveland has been President
only the minimum quantity has been pur.
chased and coined. He could order that
hereafter the maximum sum, $4,000, 900,
should be expended. He could even do
better than that. He might order that the
sum necessary to bring the average pur-
chase for his thirty months service up to
the maximum should be expended. That
Wouiu De foO,OuU,oUu.
The national banks of the United
States have over $20O, ,O00, 900 OF the bonds
of the United States deposited In the treas
ury to "secure circulation" The lowest
official price fixed upon any Of these bonds
is Jos 40 dollars for each 300, and the
banks hold but 90per cent. Of the par value
in currency. As the bonds are being
purchased at these figures, they are GER
tainly safe security for their par value,
and there are now s75, 100000 in silver coin
In the treasury against which no certih-
Gates have been issued. Let the Secretary
OF the Treasury deposit In each bank enough
either OF these silver dollars, or the certid-
Gates representing them, to make up the
difference between the value OF the cur
rency Issued and the par value OF the bonds.
This would put over 5000, 900 In circula-
tion, end some OF IL would go into every
city and town where national bank Is
established. Every section OF the country
would be benefited.
Sill more could be done. The Secretary
might be directed TO publish another clrcu-
lar, saying, in substance, that money to the
amount OF one hundred million dollars
would be loaned at per cent. per annum
interest to parties depositing United States
bonds OF the par value Of $l00,000,0OJ.
With these methods Of relief adopted
there would be an abundance of money In
the country. All danger Of financial
crisis would pass away. The producers
would be relieved from all fear Of becoming
the prey OF spectators, aud the President
would meet none but the brightest OF faces
on his tour.
There Is another reason why these meas
ures should be adopted. The people OF the
country have faith In the honesty and good
motives Of President Cleveland. 1t is now
well known that In politics he belongs to that
class which calls itself "revenue reformers,n
and which believes that the American system
OF protection should be changed.
1t is an undoubted fact that these revenue
reformers and free traders have entered
into gigantic conspiracy TO destroy the
tariff by every possible way, preventing the
paying out Of the surplus in the treasury,
70 that they may declare that the financial
luin, which shall surely follow this unnat-